BizJournals Portfolio

The CEO BFF

Having a friend or family member in the chief executive’s seat has long come in handy for those seeking a board gig or fat contract.

From the late 1980s through the 1990s, nearly half of Disney’s board members had close connections to then-CEO Michael Eisner, including Eisner’s architect, Robert Stern; his personal attorney, Irwin Russell; and the principal of the grade school where at least one of his kids was enrolled.

Manhattan real estate company SL Green has given millions in business to various companies owned by chairman Stephen Green’s son, Gary. The amounts have increased from less than $200,000 in 1994 to nearly $15 million by 2008.

In February 2008, Dell spent $155 million to buy MessageOne, a company owned by Adam Dell, brother of Dell CEO Michael Dell.

Since 2005, Best Buy has purchased nearly $80 million worth of fixtures from a company owned by a brother of former CEO and current chairman Richard Schulze.


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